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CONSTRUCTING EXAMPLES WITH 5 EQUILIBRIA FOR SYMMETRIC 3×2 CE

发布时间:2022-02-17 17:59
  This paper explores the existence of multiple equilibria for symmetric 3 individual,2 good CES /LES pure exchange economies.Analytically,we show that there are no more than 5 equilibria in such economies.The number of equilibria varies from 5 to 3 then to 1.We generalize our analytical results of existence of 1,3,5 equilibria for a wide range of parametrizations.We also provide concrete examples of 1,3,5 equilibria with parameter zones specified. 

【文章来源】:Acta Mathematica Scientia. 2012,32(06)SCICSCD

【文章页数】:20 页

【文章目录】:
1 Introduction
2 Constructing 3×2 CES/LES Pure Exchange Economies with Multiple Equilibria
    2.1 The Case ofσ1
    2.2 The Case ofσ1
3 Concluding Remarks
Appendix The Central Role ofα3 in Determining Multiple Equilibria


【参考文献】:
期刊论文
[1]Exploring multiple equilibria for symmetric 2×2 CES/LES pure exchange economies[J]. SHI Xiao-jun1 ZHANG Shun-ming21 School of Economics and Management, Beijing University of Aeronautics and Astronautics, Beijing 100191, China 2 China Financial Policy Research Center, Renmin University of China, Beijing 100872, China.  Applied Mathematics:A Journal of Chinese Universities(Series B). 2010(02)



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